Postscript Raises $35M in Series B Funding

Postscript

Postscript, a Scottsdale, Ariz.-based text message marketing platform for Shopify stores, raised $35m in Series B funding.

The round was led by┬áGreylock, with participation from YC Continuity Fund, OpenView, and others. In conjunction with the funding, Sarah Guo┬áand┬áMike Duboe, Partners at Greylock, joined Postscript’s Board.

The company will use this new round of funding to further develop products with immediate investment into new features and improvements that continue maximizing SMS as a customer lifecycle channel and delivering ecommerce experiences over SMS and grow the team with additional talent in customer success, engineering, and go-to-market.

Led by Adam Turner, CEO, Postscript provides over 3,500 Shopify stores with an ecommerce SMS platform to communicate and engage with customers through text message marketing.

Users from small boutique businesses to digitally-native brands like Olipop, Hydrant, and Dr. Squatch, to staple retailers like Brooklinen, Fanjoy, and Native have sent hundreds of millions of text messages in 2020, generating approximately $500 million in attributed revenue.

The company was originally backed by Y Combinator and announced a Seed Round in December of 2019.

FinSMEs

06/03/2021